New Economy will transform Ghana’s economic structure — Ato Forson tells chiefs

Finance Minister Dr. Cassiel Ato Forson says the government’s New Economy programme is a four-year plan to transform Ghana’s economic structure. Speaking during a meeting with the National House of Chiefs, Dr Forson outlined the programme’s central vision to the distinguished traditional leaders. “The New Economy is the Government of Ghana’s four-year programme to transform the structure of the Ghanaian economy,” he said.

For his part, the President of the National House of Chiefs, Ogyeahoho Yaw Gyebi II, thanked Dr Forson for his work on the economy, describing him as a “hardworking finance minister”. He also expressed the hope that the upcoming Budget would address “youth unemployment”. The New Economy programme will be unveiled on Thursday, 12 November 2026, during the presentation of the 2027 Budget.

The focus of the budget is a four-year economic transformation plan (2027–2030). The government is targeting investment worth US$10 billion over the four years. The goal is to boost local manufacturing and agriculture, increase domestic processing of raw materials, reduce reliance on imports, support private sector exports, and drive job creation. In terms of the macroeconomic targets the government is hoping to grow the economy beyond 6.0% year-on-year.

For inflation, the target is 7+/-2%.